Invest Offshore

Tag: Tax Rules

  • Fitch: New US Tax Rules Could Prompt Foreign Deposit Outflow

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    by

    Aaron
    in

    NEW YORK, Jan 06, 2012 (BUSINESS WIRE) — Fitch Ratings says the potential credit impact on banks due to new US tax regulations designed to inhibit offshore tax evasion could be tough to gauge due to uncharted consumer response. A significant outflow of foreign deposits could occur, but other customers might simply stay put. Skittish…